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Enron founder Kenneth Lay formed an executive team of influential people, including himself, CEO Jeffrey Skilling, and the CEO of Enron's International Division, Rebecca Mark. Mrs. Mark retired in 2000, shortly before the company collapsed. In the early 1990's, the executive team, lead by Kenneth Lay, was strong and prosperous. The company entered uncharted territory in market presence, and forecasts were full of continued promise. The two CEO's, Mark and Skilling, had extremely different management strategies. Skilling acted as more of a visionary, while Mark believed in heavy spending to advance projects.
As all outward signs of Enron grew, they hit stagnation within the company, and their debt started to climb, while their credit rating began to decrease due to the increasing percentage of debt they carried. One of the main reasons for the climbing debt at Enron was due to the lavish spending going on inside of the company, which also included the ...